It has finally happened. Here is the link to the PJM Transmission Expansion Advisory Committee’s slide show for the Aug. 9 TEAC meeting.
Here is the money quote from page of the slide show:
PJM staff will be recommending to the PJM Board at their Friday, August 24, 2012 meeting to cancel the PATH project.
It’s finally over. Keep in mind that this failed fevered fantasy, cooked up by PJM and its cartel members AEP and Allegheny Energy, will cost all of us rate payers in PJM a quarter of a BILLION dollars. Keryn has the numbers here. We have already paid nearly $95 million, to which more will be added. When PATH is officially dead, AEP/FirstEnergy, PATH’s current owners, will apply to recover $130 million in abandonment costs. The abandonment cost process is designed to allow them to recover all their costs, plus FERC’s guaranteed return on equity, that have not yet been taken from rate payers.
The final reliability test performed by PJM engineers has shown that there are no thermal violations on any 500 kV circuits as a result of the N-1-1 contingency test, the final test to be run for the 2012 RTEP.
The PJM staff will also recommend that the MAPP line be cancelled at the August 24 PJM Board of Managers meeting.
So far, the TrAIL line is the only Project Mountaineer high voltage transmission line that has been built. The Susquehanna-Roseland line, as useless as all the other Project Mountaineer lines, has gotten all PA and NJ state approvals, and the Obama administration ramrodded the federal approvals to pave the way for the line’s construction. Citizen groups have appealed the NJ BPU approval to the NJ Supreme Court, and that appeal is still pending.
More misguided transmission projects are popping up all around the country. Citizens will fight every single one, until there is a sane electrical policy in our country.